Today's Stock Markets February 24, Euro Rises After German Vote
MILAN – European stock markets are preparing to open the week on the rise after the German elections seem to have put a stop to the ambitions of the anti-EU right-wing AfD: the leader of the conservative party, Friedrich Merz, has announced that he intends to form a new government by Easter and will start discussions to form a coalition. Futures on the German DAX are up 0.95% and are dragging those on the Eurostoxx 50 up (+0.42%). Contracts on the FTSE MIB on the Milan Stock Exchange are gaining 0.6%. On the macro front, eyes are focused on the extraordinary EU summit on Ukraine, scheduled for March 6. This week, stock markets are awaiting the accounts of US giant Nvidia , scheduled for Wednesday, hoping to obtain reassurance on the prospects of the tech sector. Among the main Milanese stocks, eyes are on Saipem, which late yesterday evening announced the signing of a memorandum of understanding with Subsea 7, a multinational with roots in Norway, for the merger between the two groups. The euro is also celebrating the result of the vote in Germany, which strengthens on the currency market to 1.0508 dollars (from 1.0451 on Friday at the close) and approaches the highs of January (1.0535)
Milan opens weakly
Weak opening for the Milan Stock Exchange: the Ftse Mib index started trading at 38,453 points, up 0.08%.
Stock Market: Saipem Does Not Make a Price After Subsea 7 Agreement, Theoretical +9.4%
Saipem does not set a price after agreement with subsea 7, theoretical +9.4%
Gas: Travels on the rise in Amsterdam at 46.30 euros
Gas prices are rising in Amsterdam. At the TTF, gas rises to 46.30 euros per megawatt hour
Government bonds: Btp/Bund spread opens little changed at 108 points
The spread between Italian BTPs and German Bunds opens little changed at 108 points, against 109 points at the close on Friday. The yield on ten-year government bonds stands at 3.552%. The outcome of the vote in Germany reassures the markets on the stability of the country
Euro rises after German vote
Euro rises on currency markets after the German vote that confirmed the victory of the CDU-CSU union, followed by the far-right AfD party. The single currency rises 0.50% to 1.05 against the dollar.
Asian Stock Exchanges
Tokyo rose 0.2%, Sydney 0.1% while Hong Kong fell 0.4%, Shanghai and Seoul 0.3% and Shenzhen was unchanged, with technology stocks selling off after last week's strong gains.
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